- Ripple could be cleared if SEC decides not to appeal could mark the end of its legal struggle to benefit the XRP’s regulatory limelight and value.
- For XRP to experience widespread use, it may have to be adopted in the US financial sector for cross border settlement as the surety of regulations decrease.
- It can be inferred that higher levels of tokenization on the XRP Ledger means network utility and thus growth in usage of XRP in the sphere of digital assets.
October 2024 is already looking to be the start of an exciting new year for those holding XRP, with several large events occurring at once. Most significantly, depending on the certain circumstances, the US Securities and Exchange Commission (SEC) which is currently in legal battle with Ripple may decide against appealing the decision. Such a decision could bring an end to multiple years of a legal tussle and pave the way to a number of possible regulatory reforms about the cryptocurrency.
XRP New Heights and U.S.Mass Adoption
Among the most eagerly awaited situations is the expectation that XRP might hit a new high. The current regulatory actions in different countries and the optimism of the market may see XRP touch new per-share records. Market pundits will find that the failure to appeal to the SEC will remove certain kinds of uncertainty, and produce high accommodation for XRP with both high net individuals and institutions.
In the past, the value of XRP has surged in significant times, and this October could possibly be one of these times.Apart from price manipulation, the next month-October may mark the onset of the masses’ use of XRP in the United States. As the situations with regulations become clearer, the usage of XRP by banks and other payment providers and central banks to cross currencies is expected to commence.
This would bring the cryptocurrency much closer to being used regularly in the country as a form of payment. XRP could easily be a bridge asset; this means that it can help simplify cross border payments and make international transactions easier.
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Tokenization on the XRPL
Another interesting concept is the expected increase in tokenization in the XRP Ledger (XRPL). Tokenization is the process of transforming assets into the token so that it will be easier to trade or transfer. If more assets got on boarded to the XRPL, it would create more usage cases for the network and increase the demand for XRP as an enabling utility in this new economy.
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